The NFT may be in a crisis, with Bill Gates most recently claiming that the NFT is ‘based on a stupider theory’. Not foreseeing the potential of NFT, digital collectibles are not the only reason brands and individuals invest their money in NFT, but many other real-life cases and utilities use this technology to innovate.
In addition to NFT blue-chip series BAYC and Cryptopunks, NFTs are more than art, with Axie Infinity being one of the projects that pioneered the P2E (play-to-earn) movement when the plague began. We also saw that STEPN’s M2E (move-to-earn) got the public’s attention. The similarity of success of these models is in engagement and interaction between users. All of which is powered by NFT, and from there We see great potential for C2E (create-to-earn) with a thriving creator economy of nearly $14 billion.
Social media that needs updates
Traditional social media platforms are hugely profitable from their creators. But with constant rule changes to random algorithm changes. Creators are living the dream of a centralized company being able to ban their accounts overnight — instantly shutting down their revenue sources. Yet the platform is not rewarding enough for their efforts.
The fans know this well. And that’s why community-driven social media like Patreon is growing so fast. But while these platforms offer more freedom, many fans are blocked by country or financial barriers.
The reasons above are the reasons why we have seen NFT growing rapidly in society. Creators let their work speak and be rewarded at fair market prices. moreover The decentralized nature of blockchain means that artists are not limited to the rules of a centralized social media platform.
But the current NFT trend might not suit those producing content in formats such as long videos, audio, or clips. So where should creators go to take advantage of the best of both worlds? To access the infrastructure and low barriers to entry to social media platforms with the freedom and flexibility of the blockchain.
Decentralized and NFT-powered platforms like Only1 are the answer.
Democracy on social media with Only1’s public launch.
Combining existing social networking capabilities with blockchain and NFT, Only1, the first NFT-powered social platform on Solana, launches 360° social network with user profiles, Messenger, Superfan NFT, Creator Staking Pools, NFT Marketplace, and NFT Launchpad.
“We are seeing a lot of social controversy with Web3.0 today, so the team is constantly working on modifying our beta products. To meet the demand for creators and users without changing apps and devices,” said Leon Lee, Founder and CEO of Only1.
Only1’s SocialFi (Social finance) feature can revolutionize the relationship between creators and their fans by introducing a C2E (Create-to-Earn) model to motivate and reward both creators and fans simultaneously. All powered by NFT.
Build a gated community with NFT.
The Web 3.0 social platform is inseparable from NFT — that gives creators ownership of their creations. and is a channel for holders to access
Accessibility and exclusivity — The most used utility among content creators to build communities and earn their hard work with the C2E model available on our platform. Creators can create and own content and directly engage with their fans. and launch NFT collections and communities without the hassle.
Click a few buttons and creators will have their Memberpass NFT ready in no time. All in one platform Saves time, costs, and the need for multiple platforms, fans and contributors gain access to exclusive content such as videos, images and text with creator Memberpass NFT.
“By making it easy for creators to monetize their content, Only1 opens Web3.0 to new audiences and drives the future of decentralized content and community ownership,” continued Leon.
Only1 is built on the Solana network and provides an accessible solution for users. Especially Web2.0 creators, with lower barriers and fees. It is the first fully integrated platform on Solana that allows users to enjoy SocialFi features by creating content and engaging with other users to start earning rewards.
Be a part of your creator’s success as one true fan.
Reach , Like , Share 💜 User engagement is key to creator success Monetization directly from fans. The platform is not new. Web2.0 social platforms like YouTube and Buy Me a Coffee allow fans to tip and donate to support creator work. But it seems to be a one-way relationship between the fans and the creators.
In addition to enjoying the great content produced by the creators What will happen if the fans A part of creator success can be shared by becoming their only big fan. Through our technology and innovation, Superfan NFT holders will be able to share Creator Staking Pool rewards with creators.
Fans can still support their favorite creators without owning a Superfan NFT, just staking in the pool or tipping in Messenger.
Revolutionizing social networks like never before.
Blockchain is all about innovation and disruption, and at Only1 NFT is more than a digital collectible. and can be used as an innovative tool for community-driven creator economies.
To support creators along the Web3.0 journey, Only1’s all-round solution touches each step in the process from creating a community NFT to selling originals in virtual reality. Creators need to focus on creating high-quality content and building a community, while fans will be able to connect with their favorite creators in a unique way.
Supported by Alameda Research, Solana Foundation and Animoca Brands, the social platform has worked with creators such as award-winning musician Hanjin Tan, music producer and DJ Dirty Audio, and social video creator Sarah Snow. Only1 Memberpass NFT beta will be available in July for creators to build community on the platform. More new features including live streams and mobile apps will be available in the coming months. page
The full implementation of the Web3.0 social network can drive future growth and decentralization of society. Web3.0 results in a better user experience and contributes to an economy for creators.